CIRCOR International (NYSE:CIR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.48-0.51 for the period, compared to the Thomson Reuters consensus estimate of $0.48. The company issued revenue guidance of $167-170 million, compared to the consensus revenue estimate of $168.29 million.
Shares of CIRCOR International (CIR) traded up $0.64 during midday trading on Friday, reaching $50.20. The company’s stock had a trading volume of 8,943 shares, compared to its average volume of 99,025. The firm has a market capitalization of $799.45, a P/E ratio of 29.91 and a beta of 1.62. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58. CIRCOR International has a 1 year low of $42.25 and a 1 year high of $68.76.
A number of equities analysts have weighed in on CIR shares. Zacks Investment Research raised CIRCOR International from a sell rating to a hold rating in a research report on Tuesday, October 31st. Stifel Nicolaus lowered their price target on CIRCOR International from $66.00 to $57.00 and set a buy rating on the stock in a research report on Monday, October 30th. ValuEngine downgraded CIRCOR International from a hold rating to a sell rating in a research report on Saturday, February 17th. Finally, KeyCorp raised CIRCOR International from a sector weight rating to an overweight rating and set a $53.00 price target on the stock in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $61.33.
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About CIRCOR International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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